On top of that, there are enormous global[ Like every sector, retail is going through a transformation and must respond to the forces of the fourth industrial revolution and major societal shifts[ Search for:. View Book. Written by. Bernard Marr. View Latest Book.
Follow Me. Where companies go wrong with KPI traffic lights There are three main ways traffic lights are misused in performance reporting. Stick with the three RAG colours. I would always recommend sticking with the core colour conventions of red, amber and green. Clearly define the colours. You want everyone viewing the metrics to clearly understand what the colours mean, so be sure to include a definition.
If you are in hurry, check our excel chart add-in and create stunning dashboards in minutes! Our sales dashboard will show you how to make a great looking business template from the ground up using Excel and traffic lights control. We have 4 products to measure yearly sales performance. In our case we use it to sum up the values of a period under the chosen month. We do not want to go into details, we recommend you download the template from under the article so you can learn its use a lot quicker than if we would explain it on several pages.
You can check the drop-down list , it contains the months. Our Excel Traffic light dashboard is divided into three sections. In the first part there are the names of the months with four chosen products. We link the data to every month and every product, you can modify these as you like. The Total Sales column contains the marketing values of the four products in monthly breakdown. At any point in time along implementation phase, we should be able to show cost accrued within the current reporting period and cost accumulated since beginning of implementation phase.
For that, we need close co-ordination with our organization's accounting system. Then we can compare actual cost with planned cost. This comparison does not yet show the full picture of our project's cost trend.
To get the real cost trend we analyze actual cost vs. We discuss details in sub-section Earned Value Project Management. This picture shows the basic layout of a project status report, a template of which is available in sub-section Free Project Management Tools. Here, we list all events that could cause contract changes or claims, and are not yet listed elsewhere on the project management dashboard.
One outcome of our ongoing risk management will be a list of risk events that did not happen and cannot happen for the remainder of this project , but are part of our overall project contingency. Following good accounting practices, these not incurred contingencies have to be resolved, in-line with the accounting principles of our organization.
What change requests did we receive or send out, what is their current status, and what is their impact on the project in terms of scope, schedule, and budget? What claims did we receive or send out, what is their current status in the claim settlement process, and what is their impact on the project in terms of scope, schedule, and budget? In case you would like to use practical and useful packages of tools, templates and checklists , here you can get them.
They save you a lot of time, are easy to use and easy to change:. A short summary of this paper. Download Download PDF. Translate PDF. Each street has one lane which then divides into two lanes: one to turn left only and the other to go straight or to turn right, at the intersection. One of the streets is a main street, meaning that the lights to go straight are always green unless there are cars on the intersecting street or a car on the main street appears on the left only lane.
On sensor for a left turn and one sensor for a right turn control the lights together with a left turn sensor on the main street for each direction. Thus there are eight traffic lights, four for left turn on each street for each direction and six sensors to control these lights.
All it has to do is switch lights according to the low or high signal coming from sensors.
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